● The U.S. and European Union announced the latest details of their trade framework.

● The two historical allies came to a trade agreement last month.

● Thursday’s update sheds more light on key sectors such as autos and pharmaceuticals.

"But this is not the end. This is the beginning. This framework is the first step, one that can grow over time to cover more sectors, improve market access and strengthen our economic ties even further,” he [EU Trade Commissioner Maros Sefcovic ] added.